Microsoft cut buybacks to $4.4 billion in the September quarter

Microsoft reduced its share repurchases to $4.4 billion in the September quarter, down from $5.7 billion a year earlier. Per a market commentator cited by Benzinga, Microsoft accounted for all of the combined buybacks across the large tech group, which fell to the lowest level since 2017 as hyperscalers redirected cash toward data centers. Microsoft was described as still generating cash while peers such as Alphabet, Meta, Amazon and Oracle spend more on capex than they bring in from operations.

1. Microsoft cut buybacks to $4.4 billion in the quarter ended September 2026, from $5.7 billion a year earlier.
2. Combined buybacks for Alphabet, Amazon, Microsoft, Meta and Oracle fell to $4.4 billion, the lowest since Q3 2017, per The Kobeissi Letter as reported by Benzinga.
3. Microsoft accounted for all of that combined repurchase total, per the same report.
4. Benzinga reports Alphabet, Meta, Amazon and Oracle now spend more on data centers and equipment than their operations generate, while Microsoft is still generating cash.